Bitcoin's Price Surge Continues: Targets $33K and Beyond.

Bitcoin has risen above $31,000 for the first time in ten months as global inflation continues to fall, leading to expectations of central banks pivoting from current policies of monetary tightening. The rise in bullish sentiment comes after the non-farm payrolls report and inflation data releases. The 14-day relative strength index (RSI) has moved deep into overbought territory, hitting a peak at 72.44, and if it falls below its support at 68.00, bears could begin to reappear.